Based on the last 12 Inflation Rate YoY events in Canada, we expect GBPUSD to trend downwards right now. Based on these past events there is a 83.33% chance of this. We expect GBPUSD to trend downwards for the next 2 hours because the released value is < 1.3%. A price movement of 46 pips is expected. Historical events that allowed us to draw this conclusion

21 Jan 00:30	16 Sep 22:30
19 Aug 22:30	17 Jun 22:30
22 Apr 22:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).